The Government has announced an even fairer, more flexible and sustainable proposed Superannuation reform package.

At Aspire Wealth & Protection, we are here to guide our client’s through the myriad of changes and assist our clients towards a brighter future.

Superannuation will continue to attract very generous tax concessions. Earnings in the “retirement phase” account will continue to be totally tax-free. Additionally, earnings in superannuation accumulation accounts will continue to be subject to the 15 per cent concessional tax rate, and amounts withdrawn from these accounts will continue to be tax-free (after the age of 60).